Norwegian Production Drops Month-on-Month
Production on the Norwegian Continental Shelf declined month-on-month in April, according to preliminary figures from the Norwegian Petroleum Directorate.
Statistics for April show an average daily production of 2.111 million barrels of oil, NGL and condensate, which is a decrease of 38,000 barrels per day (approximately 2 percent) compared to March.
Average daily liquids production in April comprised 1.704 million barrels of oil, 377,000 barrels of NGL and 31,000 barrels of condensate. Oil production was about 4.2 percent above oil production in April last year and around 4.2 percent above the NPD’s prognosis for April 2017.